Russia to Increase Defense Spending to Record Amount

OCT 1 2024·Updated OCT 2 2024

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Above: Russian Pres. Vladimir Putin visits Uralvagonzavod, the country's main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Image credit: Alexander Kazakov/Pool/AFP/Contributor via Getty Images

The Spin

Pro-establishment narrative

Irrespective of whether the war in Ukraine comes to a close or not, the latest budget shows that Russian Pres. Putin is seeking a form of military Keynesianism — enacting excessive spending on defense in the hopes it will revive Russia's fledgling economy.

Guardian

Pro-Russia narrative

Russia's budget is well thought-through, taking into consideration all the needs of the state so that every sector is adequately funded to meet the country's needs.

TASS